Question

Bought goods from Das

Answer 1

Given"Bought Goods from Das"

This transaction affects two accounts Purchases account, Das account..where Purchases account is a nominal account(all expenses incomes gains losses come under nominal account) and Das account is a Personal account .


The Three golden rules of accounting are

Personal account - Debit the receiver, credit the giver

Real account - Debit What comes in, credit what goes out

Nominal account - Debit All expenses and losses, credit all incomes and Gains

So Per the above rules..since Das is the giver..he should be credited.and Purchases is an expense should be debited..


So the Journal Entry will be

Purchases a/c Dr xxxxx

To Das a/c. xxxxx


(Being Goods Purchased from Das)

Answer 2

Purchases A/c  Dr
       To Das A/c 
(being purchased goods from Das)